Anooraq Announces Second Quarter 2009 Results

19-08-2009

During the quarter, the Company announced that all outstanding conditions relating to the acquisition by Anooraq of, among others, a 51% interest in Lebowa Platinum Mine (“Lebowa”) from Anglo Platinum Limited (“Anglo Platinum”) had been met.  As a result, with effect from July 1, 2009, the Company acquired an effective 51% of Lebowa and a further 1% controlling interest in the Boikgantsho, Ga-Phasha and Kwanda Projects for a purchase consideration of ZAR 2.6 billion ($390.1 million).

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